Union Dental to Acquire Dental Facility in Charlotte, NC
November 19 2007 - 6:15AM
Marketwired
CORAL SPRINGS, FL -- http://www.uniondentalcorp.com/ir --
announced today it has entered into a purchase agreement to acquire
Jakubek Dental in Charlotte, NC. The target acquisition is a
company strategy to buy dental practices in heavily populated union
areas where UDHI has contracts with local and national labor unions
to build a dental network. As a part of these labor contracts, the
union will not endorse any other dental network. In the Charlotte
area, UDHI has a national contract with (AFA-CWA) representing 21
airlines including US Air which has its headquarters in Charlotte.
UDHI also has a contract with the CWA Telecoms (original AT&T
and Bell South/new AT&T) in Charlotte and Gastonia, NC. The
facility will incorporate all aspects of dentistry including Oral
& Maxillofacial Surgery, Orthodontics, Endodontics,
Periodontics, Pedodontics, Prosthodontics as well as General
Dentistry.
Dr. Green, President and CEO of Union Dental, commented: "We
have tremendous support from the labor unions and UDHI wants to
capitalize on its 20 year relationship with these unions of
providing quality dentistry to CWA members. I have personally met
with the presidents of the local chapters of these unions and have
their complete support in an effort to establish a premier dental
facility to service the needs of these loyal union members. This
new facility will be state-of-the-art in dental delivery with
plenty of room for future expansion. The practice is currently
profitable, low sale priced, and the addition of this new business
clientele will make success a virtual certainty. I plan on
interviewing doctors for associate positions next month as well as
supportive staff."
About Union Dental Holdings, Inc., Direct Dental Services, Inc.
and Union Dental Corp.
Direct Dental Services and Union Dental Corp. are wholly owned
subsidiaries. Direct Dental Services provides dentists with "areas
of exclusivity" to participate with various unions including the
Communications Workers of America (CWA) and the International
Brotherhood of Electrical Workers (IBEW), United Association of
Plumbers and Pipe Fitters (UA) and The Association of Flight
Attendants - Communications Workers of America (AFA-CWA) who
represent United, US Airways, Northwest, America West, Alaska
Airlines, PSA, Mesa, Air Wisconsin, Aloha, ATA, Spirit, Air Tran,
AWA, American Eagle, Midwest Airlines, Miami Air, Piedmont, Horizon
& Hawaiian. Direct Dental Services receives annual management
fees from the dentists in exchange for practicing in these "areas
of exclusivity" where CWA and IBEW members use the dentists'
services. Union Dental manages a dental practice in Coral Springs,
Florida.
WEBSITE: www.uniondentalcorp.com/ir or www.afadental.com
"Safe-Harbor" Statement: Under the Private Securities Litigation
Reform Act of 1995. This press release may contain forward-looking
information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), including
all statements that are not statements of historical fact regarding
the intent, belief or current expectations of the Company, its
directors or its officers with respect to, among other things: (i)
the Company's financing plans; (ii) trends affecting the Company's
financial condition or results of operations; (iii) the Company's
growth strategy and operating strategy; and (iv) the declaration
and payment of dividends. The words "may," "would," "will,"
"expect," "estimate," "anticipate," "believe," "intend," and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors.
Contact Information: Dr. George D. Green President Email
Contact
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